Rolls‑Royce to scale up India operations, eyes co‑development of combat jet engine

New Delh: Luxury car manufacturer Rolls-Royce on Thursday said it intends to scale up its business in India to support future programmes and partnerships across defence, civil aviation and energy.

The automaker is exploring opportunities to co‑develop a next‑generation combat jet engine and localising engine manufacture for the Indian Army, Navy as well as Coast Guard, and potentially power solutions for critical infrastructure and industry, a statement said.

These initiatives could more than double the workforce supporting Rolls‑Royce and its partners to about 10,000 people in India.

“As India advances its next generation military capabilities, Rolls-Royce with the UK Government has offered to co-develop a 120 kN class combat jet engine core that could be India’s fastest route to an indigenous next-generation engine,” the statement said.

Rolls Royce highlighted that the co-development will provide full technology transfer with IP ownership for India, supported by a dedicated design complex and manufacturing capabilities that will unlock significant job creation.

The company also estimated a ten‑fold increase in its supply‑chain sourcing from India, which would benefit many small and medium sized enterprises.

“We are determined to partner India on its Atmanirbhar journey, by developing indigenous propulsion capabilities, providing sustained power to critical infrastructure and industry, and expanding local manufacturing for global supply chains,” said Tufan Erginbilgic, CEO, Rolls‑Royce.

“As we grow our participation in programmes across India’s defence, aviation and energy sectors, we will expand our ecosystem in India, as we have done successfully in other countries,” Tufan added.

Over 1,400 Rolls-Royce engines are currently powering various defence platforms such as the Jaguar combat aircraft and Hawk trainers of the Indian Air Force and Navy; the Arjun Main Battle Tanks of the Army, and a variety of vessels and submarines of the Indian Navy and Coast Guard including the Anti-Submarine Warfare Shallow Watercrafts and the P17 Alpha frigates, the company said.

On Wednesday, Prime Minister Narendra Modi met Erginbilgic, saying that the government welcomes the luxury automaker’s enthusiasm towards scaling up its activities in India.

“We welcome Rolls-Royce’s enthusiasm towards scaling up its activities in India and partnering with our innovative and dynamic youth,” PM Modi said in an X post.
IANS

 

Rupee surges 58 paise amid sharp fall in crude oil prices

New Delhi: The Indian rupee strengthened by 58 paise against the US dollar on Monday as global crude oil prices tumbled after US President Donald Trump announced that Washington and...

Fishing ban ends today: Over one lakh fishermen in TN prepare to return to sea

Chennai: After a 61-day annual fishing ban aimed at conserving marine resources and ensuring the breeding of fish species, thousands of mechanised fishing boat operators along the Tamil Nadu coast...

El Nino likely to impact food prices, inflation projected to settle in 5.2–5.5 pc range in FY27

New Delhi: There is 80 per cent likelihood of an El Nino event during the June–August period and probabilities for this, to continue until at least November, are near or...

US clears Paramount-Warner Bros merger

Washington: The US Department of Justice cleared Paramount Skydance's proposed acquisition of Warner Bros. Discovery, removing a major regulatory hurdle for a deal that would reshape the global entertainment industry...

SpaceX IPO pricing lifts Elon Musk’s net worth to around $970 billion

New Delhi: Space Exploration Technologies Corp. (SpaceX) -- the Elon Musk-led rocket and satellite company -- has priced its blockbuster initial public offering (IPO), pushing Musk’s net worth to nearly...

Banks move to rein in credit loans amid surge in leveraged stock buying

Seoul: Banks are fast moving to rein in a surge in credit loans as customers have borrowed money to buy stocks, financial sources said on Friday. According to various sources,...

Centre removes excise duty on petrol with up to 30 pc ethanol blending

New Delhi: The government has exempted petrol blended with higher levels of ethanol from excise duty, including fuel variants containing 22 per cent, 25 per cent, 27 per cent and...

Crude oil prices surge up to 1 pc as US-Iran tensions escalate

New Delhi: Global crude oil prices traded higher on Wednesday, increasing by up to 1 per cent after the United States launched strikes against Iranian military targets near the Strait...

More fuel price hikes possible if oil import costs stay elevated: HSBC’s Pranjul Bhandari

New Delhi: A fair increase in fuel prices could still be on the table if global crude oil costs remain elevated and India’s import bill continues to strain oil companies,...

UPI-NPI linkage goes live for real-time cross border payments in Nepal

New Delhi: NPCI International Payments Limited (NIPL) -- the international arm of the National Payments Corporation of India (NPCI) -- on Tuesday announced the launch of a cross-border payment linkage...

Fitch keeps India’s GDP growth at 6.4 pc in FY27 amid West Asia crisis

New Delhi: Fitch Ratings has kept India’s GDP growth at 6.4 per cent for FY27, saying that the ongoing West Asia crisis and global oil situation are likely to slow...

Gautam Adani is richest in Asia with net worth at $89.2 billion: Forbes

New Delhi: Adani Group Chairman Gautam Adani’s net worth rose to $89.2 billion, ranking him ahead of Reliance Industries' Mukesh Ambani ($88 billion) and SoftBank's Masayoshi Son ($87 billion), who...

Read Previous

Bangladesh elections: MEA says will wait for outcome to see what sort of mandate comes out

Read Next

30 Kashmiris among 33 nursing students suspended at Mewar varsity after protest

WP2Social Auto Publish Powered By : XYZScripts.com